Is Gilmore City, IA 50541 a buyer’s or seller’s market?
Gilmore City is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Gilmore City housing market right now
In the three months ending August 31, 2026, 0% of homes in Gilmore City, IA 50541 sold above their list price, the typical home went under contract in 5 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (29 days then) and the median sale price fell 11% to $49,978. Overall, Gilmore City is less competitive than a year ago, which gives buyers more room.
Within Pocahontas County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Pocahontas 50574 (33% sold over asking) is even more competitive.
Run the numbers for 50541
Nearby markets
Fonda 50540 — /sq ftHavelock 50546 $131 /sq ftLaurens 50554Seller’s market $68 /sq ftPalmer 50571 $42 /sq ft Browse all markets →Towns like Gilmore City nearby
Find towns like Gilmore City in other states →Where Gilmore City is
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Questions about Gilmore City real estate
Is Gilmore City a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gilmore City, IA 50541 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gilmore City?
The typical home went under contract in 5 days in the latest three months.
Do homes in Gilmore City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.1% of the list price.
What are property taxes in Gilmore City?
About 1.13% of a home’s value a year in Pocahontas County, or roughly $4,520 on a $400,000 home.
What is the median home price in Gilmore City?
The median sale price was $49,978 in the three months ending August 31, 2026, about $64 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology